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Indian stock market · indicator signal

MACD bullish cross on UltraTech Cement

On UltraTech Cement the macd bullish cross showed up 108 times. The target came first 44% of the time, the stop 51%, and 6% went nowhere within 12 candles.

Counted on UltraTech Cement: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily4250%45%5%
Hourly6639%55%6%

UltraTech Cement against the rest

ChartsFoundTarget firstStop firstWent nowhere
UltraTech Cement10844%51%6%
All Indian stock market charts7,57639%55%6%
Every market58,27536%55%9%

Year by year

YearFoundTarget firstStop first
2016367%33%
2017580%0%
2018580%20%
2019425%75%
2021560%40%
2022560%40%
2023450%50%
2024520%80%
20254833%60%
20262245%45%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the macd bullish cross is

Below zero, the MACD line crossed above its signal line.

Picture a sled sliding downhill that starts to slow down. It is still going down, just less fast. MACD is a gauge that shows this kind of speeding up and slowing down, and a bullish cross below zero hints the fall is losing speed.

The full macd bullish cross lesson, video and quiz ›

Other patterns on UltraTech Cement

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · MACD bearish cross · Volume profile rejection · EMA 9/21 bullish cross · EMA 9/21 bearish cross · Volume profile bounce · all of them

The macd bullish cross elsewhere

Sensex · Nifty 50 · Bank Nifty · Bharti Airtel · Infosys · Mahindra & Mahindra · Coal India · ICICI Bank · Hindalco · State Bank of India · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Silver

Questions

How often does the macd bullish cross work on UltraTech Cement?

In 108 cases on UltraTech Cement, the target (1.5 × ATR) came before the stop (1 × ATR) 44% of the time and the stop came first 51%; 6% went nowhere within 12 candles.

What is the macd bullish cross?

Below zero, the MACD line crossed above its signal line.